Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

AP News

SAS airline three-month loss down to $100 million

STOCKHOLM (AP) — Scandinavian airline group SAS says it narrowed its net loss in the November-January period to 630 million kronor ($100 million) from 2.5 billion kronor a year earlier, mainly through cost cuts.

Revenue in the period was up to 9.6 billion kronor from 9.3 billion kronor as overall traffic grew 4.3 percent.

Facing stiff competition from budget airlines and high expenses, SAS AB in November embarked on a wide restructuring plan to streamline operations and announced 800 job cuts aimed at saving 3 billion kronor annually.

CEO Rickard Gustafson said Friday he was not satisfied with the performance but was upbeat about 2013, saying SAS is committed to completing its action plan. Its aim to achieve positive income before tax for the full-year "remains firmly in place."

blog comments powered by Disqus